This should equal the balance shown in your checkbook register.
#HOW TO BALANCE CHECKBOOK PLUS#
Total lines one through three, as indicated by the plus and minus signs on the form, and enter the new total on line four. On line three of the bottom section of the Balancing Form, enter the total outstanding checks from column two. On line two of the bottom section of the Balancing Form, enter the total outstanding deposits from column one. On line one of the bottom section of the Balancing Form, enter the ending balance shown on your bank statement. Total column one, which is your outstanding deposits. With the statement in hand, you would compare the. Go through your checkbook register and in column one of the Balancing Form list the outstanding deposits (the deposits that you did not check off in your check register as having cleared the bank). Balancing your checkbook used to be a chore reserved for a specific time each month: after receiving your monthly paper statement from the bank. The first step when balancing a checkbook is to determine the banks ending balance and compare that number with your own checkbook register. List Outstanding Deposits *Deposits you have made that are not on bank statement Now, total column two, which is your outstanding checks.Ħ. Now go through your checkbook register and in column two of the Balancing Form list your outstanding checks (the checks that you did not check off in your checkbook register as having cleared the bank), as well as any outstanding debit purchases or ATM withdrawals that have not yet cleared the bank. List Outstanding Checks *Checks that are not on your bank statement Also record any dividends you earned from your bank statement in your checkbook register.ĥ. If the bank statement shows transactions that are not included in your checkbook register, record them in your checkbook register.Ĭheck your bank statement for any other fees you may have been charged and record them in your checkbook register. Go through the same process with your ATM withdrawals or debit card purchases, checking off each transaction on the bank statement in your check register.
Match Your ATM Withdrawals and Debit Card Purchases Check off each deposit in your check register as you did for your checks.ģ. Go through your deposit slips, paycheck stubs, etc., and make sure the bank statement shows all the deposits you made. Make sure each deposit shown on your bank statement is recorded in your check register, especially if you have direct deposit. Make sure the amount written in the checkbook register is the amount showing on the bank statement. To determine which checks haven't cleared, mark off each check that appears on your bank statement in your checkbook register. Looking at your bank statement you will see cleared checks listed in numerical order.